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Unique reasons some newly established business shutdown or go bankrupt.
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[QUOTE="btaliat, post: 247129, member: 26390"] Running a business is not that easy. There are many reasons why most entrepreneurs will find their business go down the drain. The following can be the major reasons why most people always lose their businesses. Planning is the first key thing in business. When we fail to plan, there is no doubt that we have planned to fail. Most people only rush into business with the aim of making money but never carved the ways they want to be making the money. This has been the main reason why most people fail in running their businesses. Lack of adequate capital. Money is the right tools for whatever things that human may think of. When we don't have money or have the adequate ones, we will always be limited to the level that we are. Most people especially business people have what it takes to be great entrepreneurs but because they lack capital, they have not really utilized their potential. No right mentor is the problem of some people. When we want to start business, we are just like a blind person that is going without any guidance. So not having someone to be guiding us right is an inkling to failure as entrepreneurs. [/QUOTE]
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Unique reasons some newly established business shutdown or go bankrupt.
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